Source: ICO Ranker (Medium)
The native digital cryptographically-secured utility token of the Befund Platform (BFDT) is a major component of the ecosystem on the Befund Platform, and is designed to be used solely on the platform. Holders of BFDT will be entitled to participate in the usage and operations of the Befund Platform. BFDT will be generated at one event and distributed after creation. The total amount of BFDT is fixed and will not increase or decrease.
BFDT is a non-refundable functional utility token which will be used as the medium of exchange between participants in the ecosystem on the Befund Platform. The goal of introducing BFDT is to provide a convenient and secure mode of payment and settlement between participants who interact within the ecosystem on the Befund Platform. BFDT holders will have the rights to participate in exclusive advance sales (at a discount) for projects launched by platform members, access to high-quality projects, as well as various investigation rights and rights to information.
New users can become a platform member only when they hold BFDT. Platform members can gain more rights to participate in exclusive advance sales available on the Befund Platform by increasing their holdings of BFDT. BFDT is also a form of platform currency and will be logged in the trading platform after being successfully created.
BFDT does not in any way represent any shareholding, participation, right, title, or interest in the Foundation, its affiliates, or any other company, enterprise or undertaking, nor will BFDT entitle token holders to any promise of fees, dividends, revenue, profits or investment returns, and are not intended to constitute securities in Singapore or any relevant jurisdiction. BFDT may only be utilised on the Befund Platform, and ownership of BFDT carries no rights, express or implied, other than the right to use BFDT as a means to enable usage of and interaction with the Befund Platform.
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